YAP YEE WAN | 233152 | SUBMISSION DATE: 15 MAY 2016 TABLE OF CONTENTS 1.0 Case Summary 1 2.0 What are Ethics? Generally, why do people act unethically? 2 3.0 Justify why is there a special need for ethical conduct in professions including those in the accounting and auditing related field? 6 4.0 Discuss how the Barings collapse serves as an example of failed internal controls and governance within organization. 13 5.0 Conclusion 20 1.0 Case Summary Nick Leeson, an employee of
Words: 6001 - Pages: 25
Name: Nikhil Rawal Student Number: 130014317 BSc (Hons) Accounting & Finance Part 2 By Name: Nikhil Rawal Student Number: 130014317 BSc (Hons) Accounting & Finance Part 2 By Assurance Assignment Assurance Assignment ------------------------------------------------- Question 1 “Without accountancy businesses would find it hard to function”, Michael Izza. What you feel he means by the above quote? Accounting is the language of business, without it, business functionality
Words: 2299 - Pages: 10
IIUM Journal of Economics and Management 11, no.1 (2003): © 2003 by The International Islamic University Malaysia ETHICS IN ACCOUNTING EDUCATION: CONTRIBUTION OF THE ISLAMIC PRINCIPLE OF MAêLAîAH Abdul Rahim Abdul Rahman Assistant Professor, Department of Accounting, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, Jalan Gombak, 53100 Kuala Lumpur, Malaysia. (e-mail: abdulrahim@iiu.edu.my) ABSTRACT There is a growing concern over the apparently
Words: 6717 - Pages: 27
Ethics mandates that internal auditors behave and practice with: n Integrity. n Objectivity. n Confidentiality. n Competency. It also delineates rules of conduct under each of the principles. A code of ethics is necessary and appropriate for the profession of internal auditing, founded as it is on the trust placed in its objective assurance about governance, risk management, and control. Ethical Values According to the Institute for Global Ethics (IGE), five ethical values exist in any human
Words: 1628 - Pages: 7
yet other circumstances, they may be faced with competing interests between the organization and its various publics. At the very least, practitioners will frequently confront contradictions between business demands for economic performance and public expectations for ethical conduct. Concerns over these competing responsibilities and the ethical dilemmas they produce for public relations are the subject of this essay. In it, a range of challenges faced by public relations practitioners related
Words: 2426 - Pages: 10
the auditor’s report if not resolved. They include the following: • Matters that are significant and involve issues regarding the appropriate selection, application and consistency of accounting principles pertaining to the financial statements, including related disclosures. Such matters often relate to accounting for complex or unusual transactions or to estimates and uncertainties and any applicable management assumptions. Results of auditing procedures that indicate the financial statements or
Words: 4887 - Pages: 20
examine the extent of gender disparities in the legal profession in Botswana as well as elucidating on the social-economic and political forces giving rise to such differences. It is a theoretical desktop study, reviewing the battle between men and women in the legal profession: men determined to maintain a strangle hold on the legal profession, and women struggling to enter the professions. One of the most dramatic changes in the legal profession in recent years has been the influx of women. In many
Words: 5585 - Pages: 23
Abstract Organizational behavior is ones actions and attitude toward one another or the organization and its effect on the organization’s functioning and performance. Understanding organizational behavior can give managers an idea of what factors are necessary to create an effective and successful organization. Organizational behavior is a non-performance related set of practices which when implemented in organizations lend good credibility to the organization for its ethics.(Campbell) Ethics
Words: 3798 - Pages: 16
and Applications The state of accounting in Egypt: a case Khaled Dahawy The American University in Cairo Nermeen F. Shehata Cairo University Tad Ransopher Georgia State University Abstract Egypt, one of the largest Middle East economies, is beginning its transition to a market economy. As a developing nation, Egypt has witnessed several changes in its accounting system during last two decades. This case provides an analysis of the Egyptian accounting system with emphasis on the development
Words: 5622 - Pages: 23
EXPLORING THE CHALLENGES OF STRATEGIC MANAGEMENT ACCOUNTING IN POST GLOBAL ECONOMIC CRISIS ERA IN NIGERIA: IMPLICATIONS FOR THE NIGERIAN PROFESSIONAL BY BENNETT B. BENNETT UNIZIK/ACC/Ph.D./2011387014F DEPARTMENT OF ACCOUNTANCY, FACULTY OF MANAGEMENT SCIENCES, NNAMDI AZIKIWE UNIVERSITY, AWKA SEPTEMBER, 2012 TABLE OF CONTENTS Certification Approval Declaration Acknowledgement List of Tables Abstract CHAPTER ONE INTRODUCTION 1.0 Background to Study 1.1 Statement of Research Problem 1.2 Objective
Words: 3081 - Pages: 13
